By Marisa Wong
Los Angeles, June 15 – OUE Commercial Real Estate Investment Trust announced that OUE CT Treasury Pte. Ltd. priced S$100 million of five-year notes at par to yield 4%.
The notes are guaranteed by DBS Trustee Ltd., the trustee of OUE Commercial REIT.
The notes will be issued under the company’s S$2 billion multicurrency debt issuance program.
Oversea-Chinese Banking Corp. Ltd. and Standard Chartered Bank (Singapore) Ltd. are the joint lead managers and bookrunners for the Regulation S offering.
Proceeds will be used to refinance existing borrowings.
The commercial real estate investment trust is based in Singapore.
| Issuer: | OUE CT Treasury Pte. Ltd.
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| Guarantor: | DBS Trustee Ltd.
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| Issue: | Notes
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| Amount: | S$100 million
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| Maturity: | June 24, 2025
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| Bookrunners: | Oversea-Chinese Banking Corp. Ltd. and Standard Chartered Bank (Singapore) Ltd.
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| Coupon: | 4%
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| Price: | Par
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| Yield: | 4%
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| Call options: | In whole at par at any time; clean-up call
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| Announcement date: | June 15
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| Settlement date: | June 24
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| Distribution: | Regulation S
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